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SKIDATA to be acquired by ASSA ABLOY Group
SKIDATA to be acquired by ASSA ABLOY Group
22 July 2024Iris Perz1 Minute Read
Today, ASSA ABLOY announced the pending acquisition of SKIDATA, a move designed to enhance both entities' market positions and product portfolios. The sale of SKIDATA attracted significant interest from a diverse range of companies, highlighting its strategic value and potential. ASSA ABLOY, recognized for its strong international presence and effective growth strategy, was the best partner for SKIDATA’s future development.
The acquisition will strengthen the strategic fit between the companies' platforms and brands. SKIDATA will operate as a separate business area, recognizing its vital role within the broader market strategy. This ensures that SKIDATA will continue to operate under its established brand identity while accessing greater resources and expanding its market reach.
This partnership is anticipated to open new growth opportunities across Europe, North America, and other global markets by leveraging the complementary strengths of both companies.
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